$850,000
Johnson City, TN 37601
MLS# 389877
Status: Closed
1 / 6
Property Description
East Shore apartments now for Sale, right on Boone Lake. Great opportunity to acquire 25 units with great future earning potential. Portfolio consists of 5 buildings: a 14 unit with 1 four bedroom,3 one bedroom, and 10 two bedrooms. Next is building 2, consisting of 6 two BR, and then two cottages both two bedrooms, and finally a 3 unit with 3 two BR apartments. Currently leased to almost capacity, and a new roof. This has great value-add potential, and can be acquired for much lower than tax appraised value. Inquire regarding NOI. All information subject to Change, and to be verified by buyer or buyer's agent.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: -
Parcel ID: 021L D 012.00
Deed Book #: 640
Deed Page #: 378
City Taxes: 7815
County Taxes: 9946
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 899000
Current Price: $850,000
Listing Date: 2017-04-06
General Property Description
Lot Dimensions: 4.2
Acres: 4.2
Zoning: R
# Buildings: 5
Elementary School: Lake Ridge
# of Units: 25
Middle School: Indian Trail
High School: Science Hill
Property Sub-Type: Multi Family
Year Built: 1968
Remarks & Misc
Directions: Take Carroll Creek east and turn left onto Cedar Point Rd. Then left onto Carter. First building on right is the 3 unit. On left are the two cottages, the 6 and the 14.
Property Condition
Average: 1
Income and Expenses
Annual Utility Expenses: 22700
Vacancy Rate %: 8
Gross Annual Income: 77600
Other Structures
Boat House: 1
Exterior Finish
Brick: 1
Unit 1
# Units: 14
Unit 2
# Units: 6
# Bedrooms: 2
Roof
Shingle: 1
Unit 3
# Units: 2
# Bedrooms: 2
Levels
Two: 1
Unit 4
# Units: 3
# Bedrooms: 2
Door Features
Storm Door(s): 1
Interior Features
Eat-in Kitchen: 1
Laminate Counters: 1
Exterior Features
Dock: 1
Heating
Baseboard: 1
AC
Window Unit(s): 1
Utilities
Cable Available: 1
Cable Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Electric Range: 1
Refrigerator: 1
Flooring
Carpet: 1
Laminate: 1
Easements
None: 1
Basement
Block: 1
Concrete: 1
Crawl Space: 1
Security Features
Smoke Detector(s): 1
Parking Features
Asphalt: 1
Porch/Patio/Deck
Deck: 1
Porch: 1
Waterfront Features
Lake Front: 1
Walls
Drywall: 1
Paneling: 1
Foundation
Block: 1
Location Tax Legal Info
Street #: 121
St Direction: North
Street Name: Carter
County: Washington
State/Province: TN
Zip Code: 37601
Area: 301 - NW Johnson City
Status Change Info
Date Pending: 2018-09-28
Sold Date: 2019-01-17
Sold Price: $850,000
Property Features
Property Condition: Average
Levels: Two
Exterior Finish: Brick
Interior Features: Eat-in Kitchen; Laminate Counters
Exterior Features: Dock
Appliances: Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Carpet; Laminate
Roof: Shingle
Parking Features: Asphalt
Other Structures: Boat House
Heating: Baseboard
Water: Public
Door Features: Storm Door(s)
Sewer: Public Sewer
Basement: Block; Concrete; Crawl Space
Foundation: Block
AC: Window Unit(s)
Utilities: Cable Available; Cable Connected
Walls: Drywall; Paneling
Waterfront Features: Lake Front
Easements: None
All Docs 
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.